Articles Tagged with ''loss prevention''

An inexplicable rise in organized retail crime during the past couple of years, perhaps due to police passivity, has major retailers looking to upgrade their equipment, technology, policies and procedures, and training for employees to combat loss prevention.

Forter, a fraud prevention company, said that online fraud attacks grew 8.9% in 2016 and early 2017 compared to 2015, a reduction from the 2015 increase when significant fraud moved from point of sale (POS) to online.

Cheap wine in expensive bottles – it’s one illegal way that counterfeit wine sales are taking place.

The integration of high-definition surveillance video and data from RFID-tagged items allows enterprise security personnel to quickly search events by data, time, brand, product type, serial number of Electronic Product Code, allowing them to see exactly when and how an item entered or left a location.

Several years ago, an organized shoplifting ring near Buffalo, New York, stole millions of dollars in merchandise from big box stores such as Walmart, Sears, Home Depot, JoAnn Fabrics, Tops and Wegmans.

Embezzlement is not just a problem for large enterprises – businesses with fewer than 150 employees were 10 times more likely to be victimized by fraud than those with 250-500 employees, according to the 2016 Hiscox Embezzlement Study.

They were, at one time, two separate retail tracks – merchandizing (Make money) and loss prevention (Save money).

Every day, there is a different challenge when it comes to supply chain security.

Economic crime is on the rise, with cybercrime affecting almost a third of global businesses, according to a survey by PwC.